By Karen Friar , Josh Schafer and Ines Ferré
U.S. stocks showed mixed performance as markets digested news of President-elect Trump’s potential national economic emergency declaration to justify tariffs. Meanwhile, the Federal Reserve’s December meeting minutes indicated support for gradual interest rate cuts in 2025. Investors are closely monitoring economic data, with recent labor market and service sector figures reigniting inflation concerns. Markets are adjusting their expectations, with some analysts predicting “higher for longer” rates.
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